Gold Volatility Surges to Most Since 2008 on Global Market Spasm
- Prices swing as some investors cash out to meet margin calls
- Silver, platinum, palladium decline amid demand fears
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Gold is going through the wildest price swings since the 2008 financial crisis as global markets convulse on fears over the coronavirus.
The CBOE Gold ETF Volatility Index, a measure of expectations for price swings tracked through exchange-traded fund moves, has more than doubled over the past six sessions to the highest since November 2008. That’s as policy makers worldwide tried to introduce stimulus measures to counter the economic impact of the outbreak.